Top-level officials are once again setting the tone for the real estate market, clearly stating for the first time that they want to "promote the stabilization and recovery of the real estate market". The industry believes that this indicates the importance of stabilizing the real estate market for stabilizing the macroeconomy, releasing positive signals. Ke Rui also believes that Guangzhou is the city most likely among first-tier cities to be the first to fully lift purchase restrictions, followed by Shenzhen, with little possibility of fully lifting purchase restrictions in Beijing and Shanghai. In addition, first-tier cities may also see optimization and adjustments in policies such as loan restrictions, sales restrictions, and standard residential property standards. For example, Peking recently announced the timely cancellation of the differentiation criteria between ordinary residences and non-ordinary residences, which will further reduce the burden of real estate transaction taxes and fees. (Caixin)